Roberts Land Business Of The Year Award

Many area businesses in the City of St. Louis were recently saluted for their innovation, and commitment to excellence and service. This year’s 2009 City of St. Louis Business Celebration Luncheon was recently held at the America’s Center where about 1,000 business executives and entrepreneurs witnessed various awards of achievements. Here (left to right) St. Louis Mayor Francis G. Slay, co-presents honors to Steve Roberts, co-owner of the Hotel Indigo St. Louis along with Rodney Crim, executive director of SLDC. The Roberts received one of the Businesses of the Year awards for their enterprising efforts.

 

 

Outstanding Women Honored
With City/County Proclamations

Long-time St. Andrew’s Senior Solutions employees, 80-yearold Dorothy Harris (second from left) and 81-year-old Dorothy Thomas (second from right), pose with Bill Seidhoff, Director of Human Services for the City of St. Louis (far right) and Rose Terranova, St. Louis County’s Director of Family and Community Services (far left). During a special event hosted by St. Andrew’s on Oct. 13, Seidhoff and Terranova presented Harris and Thomas with proclamations declaring the day to be “Seniors Serving Seniors Day” and “St. Andrew’s Senior Solutions Seniors’ Serving Seniors Day” respectively in honor of their continued dedicated service to the St. Andrew’s organization and their senior clients.

 

 

Free Workshop In STL On Federal Grant Funding

U.S. Senator Claire McCaskill

 

Even though there are the beginning signs of economic recovery, many Missourians are still feeling an economic crunch and often small businesses, local governments, and non-profit organizations are looking for help from the federal government.
On Saturday, Nov. 14, the offi ce of U.S. Senator Claire McCaskill will host an Economic Development and Grant Training Workshop to provide resources and useful tools to organizations to help them access federal grant and loan programs supporting public infrastructure, job growth, business development and other needs.
Visit McCaskill’s website for additional information about the Economic Development and Grant Training Workshop Competitive federal grants and low-interest government loans bring federal assistance to Missouri in an honest and fi scally responsible manner.
The McCaskill office’s workshop will help provide the resources Missouri’s organizations need to apply for these federal dollars.
McCaskill believes helping organizations learn how to access federal dollars through competitive grant and loan programs is an important step in ensuring Missouri’s economic development and keeping the awarding of federal dollars transparent.
Representatives from the federal and state agencies will aim to provide information and resources to small businesses, local governments, chambers of commerce, and non-profit organizations on how they access federal stimulus dollars and other grants.
This day-long event is from 9 a.m. to 3 p.m. and is free and open to the public and members of the press. Location is Lexington Elementary School, 3130 Norwood Ave. To sign up your organization, please visit McCaskill’s website or contact the St. Louis offi ce at 314-367-1364.

 

 

 

New Market Tax Credits To Rebuild Neighborhoods

Congressman Wm. Lacy Clay (D) Missouri

 

As part of a $5 billion national investment to grow jobs and revive depressed neighborhoods, Secretary of the Treasury Tim Geithner and Congressman Wm. Lacy Clay (D) Missouri, announced recently that four St. Louis organizations are among the 90 recipients nationwide who have been selected to receive New Market Tax Credit funding.
In St. Louis, the St. Louis Development Corporation, Habitat for Humanity, McCormack-Baron-Salazar and US Bank will receive $250 million.
“This is tremendous news for the City of St. Louis, Habitat for Humanity, McCormack- Baron-Salazar and US Bank, said the Congressman. “The New Market Tax credits, which are partially funded by the Recovery Act, are a key tool to help cities, and those groups and entities who build up our cities, to encourage private sector investment that creates jobs, transforms distressed neighborhoods and makes fi nancing available for diffi cult projects in urban areas.
I want to personally thank President Obama and Secretary Geithner for being so responsive to my efforts to win this funding for the St. Louis region, and I want to congratulate all the recipients.”
Clay is proud to announce these awardees for the New Market Tax Credit program in the St. Louis region:
St. Louis Development Corporation (City of St. Louis) -- $65 million: SLDC will offer a variety of financial products with fl exible structuring alternatives to meet the unique needs of each project. For non-real estate businesses, SLDC will offer equity investments and belowmarket interest rate loans ranging from $500,000 to $15 million.
For real estate businesses, SLDC will offer equity or equity equivalent investments ranging from $500,000 to $5 million, and loans ranging from $500,000 to $15 million, including belowmarket interest rate loans and leveraged loans.
Habitat for Humanity International -- $50 million: Habitat for Humanity International will use its NMTC allocation to provide favorable loan rates and terms to Habitat for Humanity International, Inc. organizations (Habitats) nationwide, including St. Louis City and County, to develop for-sale housing for low-income homeowners, built by the homeowners with assistance from volunteers.
These local Habitats will provide no-interest mortgages to the homeowners. The NMTC loan product is the most fl exible and low-cost fi nancing that HFHI can make available to the local Habitats. With NMTC funding, the Habitats will be able to signifi cantly increase the number of homes they build -- enabling the Habitats to create sustainable neighborhoods in areas suffering from disinvestment and blight.
US Bank Community Development Entity -- $95 million: USBCDE will provide equity, equity-like debt and favorable loan rates and terms for real estate development and operating businesses.
The target borrower will be a qualifi ed business who will develop or rehabilitate commercial real estate as rental or owner occupied property. USBCDE offers complete fi nancing packages from construction to permanent financing.
McCormack-Baron- Salazar Urban Initiatives -- $40 Million: MBS Urban Initiatives CDE will use its NMTC allocation to invest in low-income communities across the country, with a focus on developments that can accelerate revitalization by bringing jobs and economic activity back to these neighborhoods. 

 
   

Emerson Awards $75,000 With A
Promise Of More For Annie Malone

 
In a response to the “Power of 57 Cents” campaign, Emerson awarded Annie Malone Children and Family Service Center a twopart challenge grant.
The fi rst part is a $75,000 matching grant. Emerson has agreed to award an additional $50,000 upon successfully reaching the matching grant gift goal by December 31, 2009.
The campaign raises funds to ensure the continuation of programs and services such as residential services, transitional living, therapeutic school, crisis programs, and parenting workshops.
“Our mission is to improve the quality of life for children and families. My prayer is that we can count on the support of our St. Louis community to help us reach our goal in the short timeframe we have,” said Richard King, Chief Executive Officer.
The campaign offers individuals, churches, social groups and businesses the opportunity to help at this critical yet exciting time. Reverend Earl Nance and Reverend E.G. Shields are on board to help the center meet their goals.
The “Power of 57 Cents” campaign is one where everyone can give. The center encourages the community to Take the Challenge and Help a Child by donating 57 cents a day for at least 30 days (that’s $17.10). Individuals may want to contribute more ($208 a full year upfront).
Annie Malone needs your help to reach the $75,000 goal. To learn more about the “Power of 57 Cents” campaign, programs and services, or other fundraising efforts, please contact Jahara Davis at (314)531-0120 or email: SPECIAL TO THE ARGUS jndavis@anniemalone.com.